Is it really only June?

Is it really only June?

Is it really only June?

It’s only June but it feels like we have already had a year’s worth of 2019. The worst-ever year for cyclones hitting the east coast was probably not a good way to start. Combine that with elections in two of the continent’s leading economies – Nigeria and South Africa – and with global politics continuing to impact the region, it…

Time for strong leadership as insurance sector transforms

Time for strong leadership as insurance sector transforms

Time for strong leadership as insurance sector transforms

Amanda Blanc was recently appointed CEO for Europe, Middle East and Africa (EMEA) at Zurich Insurance Group. She is also chair of the Association of British Insurers (ABI). Commercial Risk Europe Editor Adrian Ladbury interviewed Ms Blanc about her career, as well as the many challenges and opportunities facing the insurance sector and its customers. Adrian Ladbury [AL]: How and…

Confronting the ethical risks of new technology

Confronting the ethical risks of new technology

Confronting the ethical risks of new technology

The relationship between business and business ethics has always been a contentious one. Notable economists have suggested that ethics are at best a secondary consideration: the overriding purpose of business is to maximise profitability and shareholder returns, constrained only by adherence to the letter of the law. But most modern businesses accept (as does the investor community) that that proposition…

Mass tort claims and jurisdiction: UK Supreme Court rules on Vedanta

Mass tort claims and jurisdiction: UK Supreme Court rules on Vedanta

Mass tort claims and jurisdiction: UK Supreme Court rules on Vedanta

The UK Supreme Court has found that the English courts are free to exercise jurisdiction over claims against parent companies for damage caused by their subsidiaries abroad. Accordingly, multinational corporations should now be encouraged to review their due diligence, risk control and global insurance programmes to ensure that they have adequate protection against this risk. In this high-profile judgment on…

Sulphur Cap Series: Part 3 – options available to shipping companies and associated funding

Sulphur Cap Series: Part 3 – options available to shipping companies and associated funding

Sulphur Cap Series: Part 3 – options available to shipping companies and associated funding

With less than 18 months before Regulation 14.1.3 of Annex VI of the International Convention for the Prevention of Pollution from Ships comes into effect, there are still numerous challenges surrounding compliance and enforcement, which have cast uncertainty over the effect that the regulation will have on the international maritime industry and on individual shipping companies. This three-part series aims…

Sulphur Cap Series: Part 2 – A practical overview of the IMO 2020 Sulphur Cap

Sulphur Cap Series: Part 2 – A practical overview of the IMO 2020 Sulphur Cap

Sulphur Cap Series: Part 2 – A practical overview of the IMO 2020 Sulphur Cap

Beth Bradley, Benjamin Bryant and Ioanna Tsekoura, of Clyde & Co, consider the challenges facing compliance and challenges to enforcement as the new Sulphur Cap looms With less than 18 months before Regulation 14.1.3 of Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL) comes into effect, there are still numerous challenges surrounding compliance and…

Carbon nanotubes and disease risks

Carbon nanotubes and disease risks

Carbon nanotubes and disease risks

Understanding the potential for new risks, and particularly those that may ultimately lead to disease claims, is increasingly important for those sectors manufacturing or using nanotech. With its increased use in a variety of products, questions about the health risks will continue to be raised. As early as 2008, pathogenic similarities between some carbon nanotubes (CNTs) and asbestos fibres were…

A practical overview of the IMO 2020 Sulphur Cap

A practical overview of the IMO 2020 Sulphur Cap

A practical overview of the IMO 2020 Sulphur Cap

With less than 18 months before Regulation 14.1.3 of Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL) comes into effect, there are still numerous challenges surrounding compliance and enforcement, which have cast uncertainty over the effect that the regulation will have on the international maritime industry and on individual shipping companies. This three-part series…

Without drone-ing on… a legal overview of drones in South Africa

Without drone-ing on… a legal overview of drones in South Africa

Without drone-ing on… a legal overview of drones in South Africa

The remotely piloted aircraft systems (RPAS) industry in South Africa is slowly gaining traction and is expected to take off swiftly into the horizon in the foreseeable future. In the South African market, the most common uses of RPAS are for personal or commercial use, the latter encompassing filmmaking, aerial surveys, search-and-rescue operations, agricultural observations such as crop counting, climate…

Embrace the challenge

Embrace the challenge

Embrace the challenge

Pravin Gordhan nailed it when he asked risk managers from across South Africa: “Where were you when it came to state capture [corruption]?” He wanted to know why risk managers had not been more vocal in complaining internally and then in speaking externally about what was happening. As the pundits have been quick to point out, it was not necessarily…

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